Subj : the lottery is a tax
To   : Jas Hud
From : August Abolins
Date : Tue Mar 05 2024 20:22:00

Hello Jas Hud!

 JH> it's not really money. it's pseudo money. it's the same as
 JH> if we started using leaves as money. it's money because
 JH> some people treat it like money.

Bitcoin is not like banking with leaves. Leaves are infinite,  
bitcoin is finite.  And as more and more bitcoin is mined, the  
less remains.

But I get your meaning of pseudo money in the sense that  
practically anything could be treated as money as long as  
people agree it has value. The more people actually use a  
particular crypto for buying/selling then that is the metric  
for accepted value.

 JH> i'm going to wait until it goes up a bit more and then
 JH> cash it out into my govt's fake money.

Excellent. Sounds like you will have a nice chunk of change  
after that.

I've been leary of the exchanges. Many have been hacked and  
people's holdings have gone missing or are nolonger accessible.  
The key would be to keep ones crypto in ones own wallet. I  
could never settle with a particular wallet program - even that  
could go tits-up if the device it's used on breaks down.


-- 
  ../|ug

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